NS&I ANNOUNCES REDUCTION IN INTEREST RATES
NS&I today announces interest rate reductions across its fixed and variable savings products, effective from 1 May 2020
Changes will ensure NS&I’s interest rates are positioned appropriately against those of its competitors and help NS&I to strike a balance between the needs of its savers, taxpayers and broader market stability
The interest rate changes, effective from 1 May 2020, reflect the fact that due to exceptionally low gilt yields, the measure NS&I uses for tracking…